The Washington critic., 1887-07-02
TIE REAL ESTATE "BOOM.n
How II IL Met-Sketch OF n We'll
Known Real Estate Firm.

How II Ia Mot-sketch OF Well
Known Real Estate Firm.
The increase In value of real estate In the
District Of Columbia is almost phenomenal.
When 1t is considered that, at the close OF
the war, any OF the most desirable property
In Washington and It's immediate vicinity
could have been bought at what seem now
fldiculously low figures, and that such
property has steadily increased in value
ever since, and that some OF the most ele-
giant residences in the country have been
erected here, making this city, IN most
respects, the most beautiful In America;
and when II is assured that In all probability
the Capital OF the Nation is hcnceforth to
be, at least, the winter home OF the great
men OF the Nation, many OF whom have or
are intending to secure for themselves
palaiial residences all this Is borne
in mind, II is not strange that shrewd, far
seeing capitalists are looking for invest
ments In The District OF Columbia. That
such investments must be profitable needs
no argument, and II Is only question of
selection that now appears to perplcx the
minds OF capitalists, as day after day new
made, aud day after day work Is com
menced or contracts given for the improve.
ment Of one section after another.
Real estate dealers In this city who have
watched with care the signs OF the times
have ceased to wonder at the phenomenon,
are calmly accepting the situation and are
taking an active part In the improvements
everywhere In progress. Some of them have
sold aud resold lat considerable advance)
lots that have rewarded their purchasers by
largely increased valuations, aud they have
acquired fund OF information concerning
property IN this District. which makes their
opinions valuable and their aid lndispensa.
bic. Among the numerous real estate
brokers OF this city may be mentioned Mr..
John W. p. Myers, who has devoted his
time during the past eighteen years to a
study OF the condition OF the real estate
market, who has helped many an Investor
to fortune, and is ready to point many
more In the same direction.
While be controls property 10 various
sections Of tue District, Mr.. Myers has
made a sort Of specially OF real estate on
Fourteenth street northwest, where he has
at present for sale and to let some OF the
most desirable real estate to be found In the
northwest OF Washington. At present and
here is good place to speak OF itl very
fine business property on Fourteenth street,
near the Portland, may be bought very
cheap; also fine lot on Rhode Island ave-
nue., near Iowa Circle, seven houses IN q
good location which are paying nearly
twelve per cent, &c, &c. Property at
two very desirable half squares may be
bought for only four cents per foot.
Nor is the property in Mr.. Myers control
all urban, for In his list are to be found some
Of the most valuable property 10 nearly
every subdivision Of suburban real estate,
particulars OF which 1t is impossible to give
In the limited space OF a newspaper article.
Speaking of opportunities for Investment,
that valuable property In Warrenton, Va,
notice. This property consists OF a main
building, 50xl04 feet, and ten acres Of cultl-
waited land, including fine orchard. The
property Is worth every cent OF $50 900, but
will be sold for Sl2, 900 on easy terms.
On the 18th ultimo, Mr.. Myers associated
with himself his son, Mr.. George NJ. Myers,
who has been during the past three years em.
! signing his position there for the purpose Of
becoming his fathers business partner.
| Thus equipped, the firm Of j. W. 2. Myers
| & Son will be better prepared than ever to
meet the demands made upon them by buy
ers and sellers OF real estate, while they will
have additional facilities for attending to
their largely increasing renting and rent
collecting business, which they are intend
ing TO make a specially.
| Messrs. Meyers & Son Informed The
CRITIC that 1t is impossible, at present, to
supply the demand for small houses worth
from $4,000 to $1,000, and authorize the
statement that those who have houses OF
this class to dispose OF will find It to their
advantage to confer with them at an early
day. In fact, Messrs. Meyers & Son would
be pleased to communicate with all parties
having property to dispose OF, and all who
are deslrous to purchase are requested to
call at No. li2S New FORK avenue and ex-
anime Messrs. Meyers bulletin. In addi-
ton to the real estate business, insurance
receives q large share of the attention OF
Messrs. Meyers & Son, they representing
some OF the best companies in America.